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Benj

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Benj

Re: tommy trojan post# 153631

Monday, 09/22/2003 3:43:28 PM

Monday, September 22, 2003 3:43:28 PM

Post# of 704019
tommy t...I have wondered about the effect of forign immigration on RE and am beginning to believe it is rather significant. Lots of money bidding up properties was the name of the game, certainly in my area. My aunt's house was purchased by an immigrant and one of the founders of CMRC. He cashed out near the top I believe and threw a lot of money around. He did not like the way the forest on the three acres was arranged so he decided to rearrange it at
$30,000 a tree. Lots and lots of trees. He also bid the house up 70% over the asking price. This behavior was not uncommon although probably not as pervasive at the present time.

Benj
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